Rice Inc. issued a 120-day note in the amount of $150,000 on October 31, 2013 with an annual rate of 6%. What amount of interest has accrued as of December 31, 2013?

Select one:

A. $1,500

B. $1,125

C. $4,500

D. $ 750

E. Zero. The interest is accrued at the end of the 120 day period.